Madam Speaker, let me now come to the issue of petroleum prices. Due to the surging price of petroleum products on the world market in recent months, there has been an increase in the prices of Mogas and Gas Oil locally. Today, as a gesture of solidarity with consumers, I am pleased to announce that:
• First, the price of Mogas will be reduced by
Rs 2.35 per litre, that is, from Rs 52 to Rs 49.65; and
• Second, the price of Gas oil (Diesel) will be reduced by Rs 1.90 per litre, that is, from
Rs 41.90 to Rs 40.
233. And it is not all. In spite of an increase in the price of LPG on the world market we have not raised the price locally for LPG for domestic use, which is subsidised by Government. Today, in our determination to further enhance consumer welfare, especially for families with modest income, I am announcing a reduction in the price of a cylinder of LPG of 12 kg by Rs 30, that is, from Rs 270 to Rs 240.